Financial
Shipping Corporation Q1 FY25 results, net profit surges 70% to Rs 92 crore
In the corresponding quarter, SCI reported a net profit of Rs 171.6 crore, as disclosed in a regulatory filing.
State-owned Shipping Corporation of India Ltd (SCI) has reported a 69.9% year-on-year (YoY) jump in net profit at Rs 291.5 crore for the first quarter that ended June 30, 2024.
In the corresponding quarter, SCI reported a net profit of Rs 171.6 crore, as disclosed in a regulatory filing. The company's revenue from operations increased by 26.2% to Rs 1,514.3 crore from Rs 1,200.1 crore in the same period of the previous fiscal year.
At the operating level, EBITDA jumped 40.4% to Rs 509.7 crore in the first quarter of this fiscal over Rs 363 crore in the year-ago period. The EBITDA margin stood at 33.7% in the reporting quarter versus 30.3% in the first quarter of FY24. EBITDA is earnings before interest, tax, depreciation, and amortisation.
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